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| MainStay Balanced Fund |
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Get to know each MainStay Fund with these in-depth views. Simply click on the tabs below for related information. |
| Fund Performance
| Share Class (Inception) |
Category:
Blended |
YTD % |
1 Year % |
3 Year % |
5 Year % |
10 Year % |
Since Incep. % |
| Average Annual Total Returns as of 04/30/2008 |
| NAV: |
| Class A (01/02/2004) |
-2.80 |
-4.79 |
5.53 |
8.85 |
5.93 |
9.30 |
| Class INV (02/28/2008) |
-2.76 |
-4.75 |
5.54 |
8.86 |
5.94 |
9.30 |
| Class B (01/02/2004) |
-3.07 |
-5.50 |
4.74 |
8.05 |
5.15 |
8.50 |
| Class C (12/30/2002) |
-3.07 |
-5.50 |
4.74 |
8.05 |
5.15 |
8.50 |
With Sales Charges: |
| Class A (01/02/2004) |
-8.15 |
-10.03 |
3.56 |
7.62 |
5.33 |
8.98 |
| Class INV (02/28/2008) |
-8.11 |
-9.99 |
3.57 |
7.63 |
5.34 |
8.98 |
| Class B (01/02/2004) |
-7.90 |
-9.89 |
3.84 |
7.75 |
5.15 |
8.50 |
| Class C (12/30/2002) |
-4.04 |
-6.38 |
4.74 |
8.05 |
5.15 |
8.50 |
| Average Annual Total Returns as of 03/31/2008 |
| NAV: |
| Class A (01/02/2004) |
-6.44 |
-6.17 |
3.37 |
9.09 |
5.50 |
9.12 |
| Class INV (02/28/2008) |
-6.44 |
-6.17 |
3.37 |
9.09 |
5.50 |
9.12 |
| Class B (01/02/2004) |
-6.64 |
-6.89 |
2.59 |
8.30 |
4.73 |
8.32 |
| Class C (12/30/2002) |
-6.64 |
-6.90 |
2.61 |
8.30 |
4.73 |
8.33 |
With Sales Charges: |
| Class A (01/02/2004) |
-11.59 |
-11.33 |
1.44 |
7.86 |
4.90 |
8.80 |
| Class INV (02/28/2008) |
-11.59 |
-11.33 |
1.44 |
7.86 |
4.90 |
8.80 |
| Class B (01/02/2004) |
-11.29 |
-11.22 |
1.71 |
8.00 |
4.73 |
8.32 |
| Class C (12/30/2002) |
-7.57 |
-7.76 |
2.61 |
8.30 |
4.73 |
8.33 |
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance data shown at NAV does not reflect the deduction of the sales load, which, if reflected, would reduce the performance quoted.
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Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Class R1 & R2: No initial sales charge or CDSC, available only through corporate-sponsored retirement programs, which include certain minimum program requirements. Gross Expenses: Class A 1.23%, INV 1.37%, B 2.08%, C 2.08%, R1 1.05%, R2 1.30%, R3 1.56%, I 0.95%
Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses of such shares.
Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes historical performance of the Class I shares from inception (5/1/89) through 12/29/02, adjusted to reflect the applicable sales charge and CDSC and the applicable fees and expenses. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares.
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| | Growth of a Hypothetical $10,000 Investment at NAV | |  | | Class I shares 05/01/1989 to 03/31/2008. Based on total returns with reinvestment of
distributions and does not reflect the effect of any sales charges, which would
reduce performance shown. Performance for Class A, B, and C shares will differ
based on differences in their sales charges and expense structures. The Balanced
Composite Index is comprised of the Russell Midcap® Value Index and
the ML Corporate and Government 1-10 Years Bond Index weighted 60%/40%,
respectively. The Russell Midcap® Value Index is an unmanaged index
that measures the performance of those Russell Midcap companies with lower
price-to-book ratios and lower forecasted growth values. The Merrill Lynch (ML)
Corporate and Government 1-10 Years Bond Index is a market capitalization-weighted
index including U.S. government and fixed coupon domestic investment grade
corporate bonds with at least $100 million par amount outstanding. An investment
cannot be made directly into an index. |
| > View total monthly holdings (30-day delayed) | |
Top Holdings
| |
% of Net Assets |
| Bear Stearns Cos., Inc., 5.30%, due 10/30/15 |
1.3% |
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| Nabisco, Inc., 7.55%, due 6/15/15 |
1.1% |
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| Wal-Mart Stores, Inc., 6.875%, due 8/10/09 |
1.1% |
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| Hess Corp. |
1.0% |
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| Prologis REIT |
1.0% |
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| Energen Corp. |
0.9% |
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| Gap, Inc. |
0.9% |
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| Johnson & Johnson |
0.9% |
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| Parker Hannifin Corp. |
0.9% |
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| Wal-Mart Stores, Inc. |
0.9% |
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Top Sectors
| |
% of Net Assets |
| Financials |
27.1% |
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| Consumer Non-Cyclical |
18.3% |
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| Industrials |
14.2% |
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| Consumer Cyclical |
9.8% |
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| Technology |
7.5% |
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| Communications |
7.2% |
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| Energy |
6.8% |
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| Basic Materials |
4.5% |
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| Utilities |
3.3% |
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| Government |
0.5% |
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| | Portfolio Composition
| | Quality Breakdown
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Investment Advisor
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| MainStay is a division of New York Life Investment Management LLC (NYLIM), a world-class financial services organization that with its affiliates has more than $246 billion in assets under management as of March 31, 2008. NYLIM is the Investment Advisor for all MainStay Funds and serving as manager, runs the Funds' day-to-day business.
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Portfolio Manager(s)
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| |  Tony Elavia, Ph.D.
Mr. Elavia is the portfolio manager for MainStay Asset Allocation Funds, MainStay Retirement Funds, and has managed MainStay Income Manager and Balanced Funds since 2005. He is Chief Investment Officer of NYLIM Equity Investors, and a Senior Managing Director of NYLIM. Immediately prior to joining NYLIM, Mr. Elavia was Managing Director and Senior Portfolio Manager of the Large Cap Growth team of Putnam Investments in Boston, MA, managing more than $25 billion in assets. Prior to joining Putnam, Mr. Elavia was Executive Vice President and Portfolio Manager at Voyageur Asset Management and President of TES Partners, a long short hedge fund in Minneapolis, MN. Previously, he was a Senior Vice President with Piper Capital Management. Mr. Elavia holds a Ph.D. and M.A. in Economics from the University of Houston and a M.S. and B.C. from the University of Baroda in Vadodara, India.
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| |  Joan M. Sabella, CFP, CRPC
Ms. Sabella has managed MainStay Balanced Fund since its inception in 1989. She is a Managing Director and has been with NYLIM since 2000. Prior to that, she worked at Towneley Capital Management, Inc. for 22 years. Ms. Sabella is a member of the Financial Planning Association and the Association for Investment Management Research. She holds a B.B.A. from Baruch College, is a Certified Financial Planner, and is a Chartered Retirement Planning Counselor.
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What You Should Know
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| Before You Invest | | The fund is subject to market, interest rate, credit and maturity risks. The fund can invest in foreign securities which may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. The Fund may invest in derivatives, which may increase the volatility of the Funds net asset value and may result in a loss to the Fund. The Fund's use of securities lending presents the risk of default by the borrower which may also result in a loss to the Fund. The Fund invests in mid-cap stocks which may be more volatile and less liquid than the securities of larger companies. |
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| View the Prospectus | This mutual fund may be offered and sold only to persons in the United States. Please contact your investment professional or call 800-MAINSTAY (624-6782) for a prospectus or download it now. Please consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus contains this and other information about the investment company. Please read it carefully before you invest.
NYLIFE Distributors LLC, 169 Lackawanna Avenue, Parsippany, NJ 07054.
These products are not federally insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, or similar agency.
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All total returns are shown both with and without their maximum sales charge and assume capital gain and dividend distributions are reinvested.
Class A and R2 shares have an annual 12b-1 fee of .25%. Class B and C shares have an annual 12b-1 fee of 1.00%. Class I and R1 shares have no annual 12b-1 fee.
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| Performance figures reflect certain fee waivers and/or expense limitations, without which total returns may have been lower. The fee waivers and/or expense limitations are voluntary and may be discontinued at any time. Prior to 1/1/04, the Fund offered Class L shares, which were subject to a 1% sales charge and a 1% CDSC on redemptions within one year of purchase. Performance for Class L shares, first offered 12/30/02, includes the historical performance of the Class I shares from inception (5/1/89) through 12/29/02, adjusted to reflect the applicable sales charge and CDSC and the applicable fees and expenses. Effective 1/1/04, all outstanding Class L shares of the Fund were converted and/or redesignated Class C shares. Performance for Class A and B shares, first offered 1/2/04, includes the historical performance of the Fund's Class I shares from inception through 12/31/03 adjusted to reflect the applicable sales charge (or CDSC) and fees and expenses for such shares. |
| > Back to Top |
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| > |
| Class A: 01/02/04 |
| Class INV: 02/28/08 |
| Class B: 01/02/04 |
| Class C: 12/30/02 |
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| > |
| Class A: MBNAX |
| Class INV: MBINX |
| Class B: MBNBX |
| Class C: MBACX |
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| > |
| Class A: 278846431 |
| Class INV: 27885C353 |
| Class B: 278846423 |
| Class C: 278846555 |
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| > |
| Class A: 1523 |
| Class INV: 2536 |
| Class B: 1524 |
| Class C: 1920 |
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| > |
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